Krungthai Card (Thailand) Market Value
| KTC Stock | THB 46.75 0.75 1.63% |
| Symbol | Krungthai |
Krungthai Card 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Krungthai Card's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Krungthai Card.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Krungthai Card on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Krungthai Card PCL or generate 0.0% return on investment in Krungthai Card over 720 days. Krungthai Card is related to or competes with Thai Steel, Tropical Canning, RB Food, Eureka Design, Chularat Hospital, and Qualitech Public. Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailan... More
Krungthai Card Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Krungthai Card's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Krungthai Card PCL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0014 | |||
| Maximum Drawdown | 6.79 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.63 |
Krungthai Card Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Krungthai Card's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Krungthai Card's standard deviation. In reality, there are many statistical measures that can use Krungthai Card historical prices to predict the future Krungthai Card's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.1007 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0015 | |||
| Treynor Ratio | 0.8604 |
Krungthai Card PCL Backtested Returns
As of now, Krungthai Stock is very steady. Krungthai Card PCL has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Krungthai Card, which you can use to evaluate the volatility of the firm. Please verify Krungthai Card's Downside Deviation of 1.28, risk adjusted performance of 0.0787, and Mean Deviation of 0.9582 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Krungthai Card has a performance score of 10 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Krungthai Card's returns are expected to increase less than the market. However, during the bear market, the loss of holding Krungthai Card is expected to be smaller as well. Krungthai Card PCL right now secures a risk of 1.28%. Please verify Krungthai Card PCL maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Krungthai Card PCL will be following its current price movements.
Auto-correlation | -0.23 |
Weak reverse predictability
Krungthai Card PCL has weak reverse predictability. Overlapping area represents the amount of predictability between Krungthai Card time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Krungthai Card PCL price movement. The serial correlation of -0.23 indicates that over 23.0% of current Krungthai Card price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 6.98 |
Krungthai Card PCL lagged returns against current returns
Autocorrelation, which is Krungthai Card stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Krungthai Card's stock expected returns. We can calculate the autocorrelation of Krungthai Card returns to help us make a trade decision. For example, suppose you find that Krungthai Card has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Krungthai Card regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Krungthai Card stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Krungthai Card stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Krungthai Card stock over time.
Current vs Lagged Prices |
| Timeline |
Krungthai Card Lagged Returns
When evaluating Krungthai Card's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Krungthai Card stock have on its future price. Krungthai Card autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Krungthai Card autocorrelation shows the relationship between Krungthai Card stock current value and its past values and can show if there is a momentum factor associated with investing in Krungthai Card PCL.
Regressed Prices |
| Timeline |
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Krungthai Card financial ratios help investors to determine whether Krungthai Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Krungthai with respect to the benefits of owning Krungthai Card security.